Rare Wolf Capital LLC Invests $598,000 in BHP Group Limited Sponsored ADR $BHP

Rare Wolf Capital LLC purchased a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,906 shares of the mining company’s stock, valued at approximately $598,000.

Other institutional investors have also made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new position in BHP Group during the 4th quarter worth $26,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of BHP Group during the 4th quarter valued at $26,000. Sound Income Strategies LLC lifted its position in shares of BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after acquiring an additional 291 shares during the period. JFS Wealth Advisors LLC grew its holdings in shares of BHP Group by 68.9% during the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of BHP Group during the 4th quarter worth $39,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Down 2.5%

Shares of BHP opened at $88.08 on Friday. BHP Group Limited Sponsored ADR has a 52-week low of $45.74 and a 52-week high of $93.83. The business’s fifty day moving average is $84.14 and its 200-day moving average is $73.59. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

BHP Group News Roundup

Here are the key news stories impacting BHP Group this week:

• Negative Sentiment: BHP said Jansen Stage 2 will cost about $2 billion more than previously expected, forcing it to book a $2.3 billion charge as higher costs and extra labor hours push out first production. Reuters article: BHP flags cost overrun at Jansen potash project, to book $2.3 billion charge
• Neutral Sentiment: Earlier coverage echoed the same update, with multiple outlets reporting the Jansen cost overrun and the size of the write-down, reinforcing concerns that project inflation is still hitting the miner. Bloomberg article: BHP Takes $2.3 Billion Potash Charge as Costs Jump Again
• Neutral Sentiment: BHP also reportedly is preparing to sell Chile power transmission lines as it focuses more on copper mining there, a potential portfolio reshaping move that could support longer-term strategy but is not the main driver today. Reuters article: BHP readies $1.5 billion Chile power transmission line sale, Diario Financiero reports

Analyst Ratings Changes

BHP has been the subject of a number of analyst reports. Argus set a $95.00 price target on BHP Group in a research note on Monday, April 27th. Bank of America downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. Wall Street Zen lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, DZ Bank raised shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, BHP Group presently has a consensus rating of “Hold” and an average price target of $62.33.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.